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| **PineScript** | [ckstop.pine](ckstop.pine) |
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- The Chande Kroll Stop computes adaptive trailing stop levels using ATR-smoothed volatility envelopes around rolling extremes.
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- Parameterized by `atrPeriod` (default 10), `multiplier` (default 1.0), `stopPeriod` (default 9).
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- Output range: Varies (see docs).
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- Requires `atrPeriod + stopPeriod` bars of warmup before first valid output (IsHot = true).
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- **Similar:** [Chandelier](../chandelier/Chandelier.md), [PSAR](../psar/Psar.md) | **Complementary:** ATR | **Trading note:** Chuck LeBeau's Chandelier stop; ATR trailing stop with configurable multiplier.
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- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
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The Chande Kroll Stop computes adaptive trailing stop levels using ATR-smoothed volatility envelopes around rolling extremes. It produces two lines: StopLong (support) and StopShort (resistance). When price trades above both stops, the trend is bullish. When below both, bearish. Crossovers between the two stops signal potential reversals.
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## References
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- Chande, T. S., & Kroll, S. (1994). *The New Technical Trader: Boost Your Profit by Plugging into the Latest Indicators*. John Wiley & Sons.
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- TradingView PineScript Reference: [`ta.ckstop()`](https://www.tradingview.com/pine-script-reference/v6/#fun_ta.ckstop)
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- TradingView PineScript Reference: [`ta.ckstop()`](https://www.tradingview.com/pine-script-reference/v6/#fun_ta.ckstop)
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